Sysco Corporation $SYY Position Trimmed by Trillium Asset Management LLC

Trillium Asset Management LLC decreased its holdings in shares of Sysco Corporation (NYSE:SYY) by 35.3% in the 4th quarter, Holdings Channel reports. The firm owned 99,996 shares of the company’s stock after selling 54,467 shares during the quarter. Trillium Asset Management LLC’s holdings in Sysco were worth $7,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in SYY. Teacher Retirement System of Texas lifted its position in Sysco by 8.0% in the 4th quarter. Teacher Retirement System of Texas now owns 370,571 shares of the company’s stock valued at $27,307,000 after purchasing an additional 27,510 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Sysco by 9.5% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 412,423 shares of the company’s stock valued at $30,445,000 after purchasing an additional 35,647 shares during the last quarter. Nicholas Company Inc. bought a new stake in Sysco in the 4th quarter valued at about $2,278,000. Nordea Investment Management AB lifted its position in Sysco by 38.8% in the 4th quarter. Nordea Investment Management AB now owns 1,952,615 shares of the company’s stock valued at $144,552,000 after purchasing an additional 545,688 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in Sysco in the 4th quarter valued at about $52,672,000. Institutional investors own 83.41% of the company’s stock.

Insiders Place Their Bets

In other Sysco news, Director John M. Hinshaw purchased 13,304 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was bought at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the acquisition, the director owned 40,200 shares of the company’s stock, valued at $3,021,834. The trade was a 49.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.56% of the company’s stock.

Sysco Stock Performance

SYY stock opened at $79.14 on Friday. The company has a market capitalization of $37.84 billion, a P/E ratio of 21.92, a PEG ratio of 3.25 and a beta of 0.65. The company has a 50-day simple moving average of $74.73 and a 200 day simple moving average of $78.18. Sysco Corporation has a fifty-two week low of $68.19 and a fifty-two week high of $91.85. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 5.58.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.01). The company had revenue of $20.52 billion during the quarter, compared to analyst estimates of $20.56 billion. Sysco had a return on equity of 103.57% and a net margin of 2.08%.The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 EPS. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Sell-side analysts predict that Sysco Corporation will post 4.59 earnings per share for the current fiscal year.

Sysco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 2nd will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, July 2nd. This is a positive change from Sysco’s previous quarterly dividend of $0.54. Sysco’s dividend payout ratio is currently 59.83%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SYY shares. Piper Sandler cut their price objective on shares of Sysco from $83.00 to $77.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Citigroup lifted their price objective on shares of Sysco from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. UBS Group cut their price objective on shares of Sysco from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Barclays cut their price objective on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Sysco from a “buy” rating to a “hold” rating and set a $84.00 price objective on the stock. in a research report on Tuesday, April 28th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.15.

Sysco Profile

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.